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Global Masters Fund Limited
(Sydney:GFL)
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Rating:52Neutral
Price Target:
AU$3.00
▼(-15.49% Downside)
Action:N/A
Date:01/13/26
AU:GFL receives a below-average score of 52.3, reflecting significant operational and cash flow headwinds that outweigh recent profitability recovery. Financial performance is the primary concern: despite 2025's impressive net income turnaround, chronic negative operating cash flow of -$775k and cash burn persist, indicating the company is not converting accounting profits into tangible cash generation. This liquidity strain poses material risk. Valuation amplifies concern, with a P/E of 51.57x far exceeding market averages and offering minimal margin of safety. Technical analysis compounds weakness, with the stock trading below all major moving averages and showing negative momentum (MACD negative). The only bright spots are balance sheet improvements (better debt-to-equity ratio) and Stochastic overbought signals suggesting potential short-term reversal. For risk-conscious investors, the combination of cash burn, elevated valuation, and technical weakness outweighs the profitability improvement. This stock is suitable only for high-risk tolerance investors betting on the company's ability to resolve cash flow challenges and justify premium valuation through sustained growth.
Positive Factors
Profitability rebound
The company returned to net profitability in 2025 after multi-year losses, demonstrating the business can generate positive reported earnings after restructuring or recovery efforts. A durable shift to profit can improve access to capital, reduce refinancing risk, and support longer-term strategic execution if sustained across subsequent periods.
Negative Factors
Persistent negative cash flow
Consistent negative OCF and FCF across multiple years means reported profits are not converting into cash, weakening profit quality. This persistent cash burn increases reliance on balance sheet liquidity or external financing, constrains reinvestment and resilience, and elevates medium-term liquidity and funding risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability rebound
The company returned to net profitability in 2025 after multi-year losses, demonstrating the business can generate positive reported earnings after restructuring or recovery efforts. A durable shift to profit can improve access to capital, reduce refinancing risk, and support longer-term strategic execution if sustained across subsequent periods.
Read all positive factors
Global Masters Fund Limited (GFL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$32.95M
Dividend YieldN/A
Average Volume (3M)5.31K
Price to Earnings (P/E)78.2
Beta (1Y)0.21
Revenue Growth437.14%
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management - Global
Share Statistics
EPS (TTM)0.04
Shares Outstanding11,284,448
10 Day Avg. Volume3,720
30 Day Avg. Volume5,313
Financial Highlights & Ratios
PEG Ratio-0.35
Price to Book (P/B)0.93
Price to Sales (P/S)71.94
P/FCF Ratio-52.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Global Masters Fund Limited Business Overview & Revenue Model
Company Description
Global Masters Fund Limited operates as an Australian-based, closed-end equity investment vehicle, established and overseen by Growth Equities Corporation Ltd. Its portfolio is dedicated to investments in the stock of Berkshire Hathaway Inc....
Global Masters Fund Limited Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
75
Positive
Cash Flow
25
Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 386.39K | 564.06K | -168.44K | 1.15M | 589.91K | 346.31K |
| Gross Profit | 117.76K | 564.06K | -253.60K | 1.06M | 494.10K | 95.27K |
| EBITDA | -432.44K | 230.57K | -1.54M | 541.00K | 456.61K | 1.40M |
| Net Income | 388.81K | 755.62K | -1.37M | -618.36K | -1.21M | 934.80K |
Balance Sheet | ||||||
| Total Assets | 63.27M | 64.24M | 54.47M | 47.25M | 38.44M | 32.58M |
| Cash, Cash Equivalents and Short-Term Investments | 2.63M | 2.75M | 77.74K | 161.60K | 190.55K | 414.28K |
| Total Debt | 8.05M | 8.85M | 9.10M | 8.68M | 8.31M | 0.00 |
| Total Liabilities | 19.49M | 20.57M | 17.92M | 15.37M | 12.40M | 5.49M |
| Stockholders Equity | 43.78M | 43.67M | 36.54M | 31.88M | 26.05M | 27.08M |
Cash Flow | ||||||
| Free Cash Flow | -747.51K | -774.87K | -737.75K | -628.85K | -1.21M | -431.90K |
| Operating Cash Flow | -747.51K | -774.87K | -737.75K | -628.85K | -1.21M | -431.90K |
| Investing Cash Flow | 3.15M | 3.45M | 651.92K | 599.90K | -9.32M | 699.31K |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 9.76M | 0.00 |
Global Masters Fund Limited Technical Analysis
Positive
3.55
Price Trends
2.86
Positive
2.87
Positive
3.17
Negative
Market Momentum
0.02
Negative
58.72
Neutral
58.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GFL, the sentiment is Positive. The current price of 3.55 is above the 20-day moving average (MA) of 2.90, above the 50-day MA of 2.86, and above the 200-day MA of 3.17, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 58.72 is Neutral, neither overbought nor oversold. The STOCH value of 58.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:GFL.
Global Masters Fund Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$787.52M | 45.15 | 1.95% | 7.70% | -79.48% | -85.93% | |
72 Outperform | AU$1.60B | 6.68 | 27.73% | 3.93% | ― | 40.23% | |
71 Outperform | AU$667.51M | 13.92 | 7.56% | 5.02% | -48.59% | -51.10% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | AU$44.10M | 2.38 | 36.39% | 3.47% | 2454.11% | 453.96% | |
59 Neutral | AU$1.64B | 20.04 | 5.81% | 1.89% | 28.00% | -70.45% | |
52 Neutral | AU$32.95M | 78.25 | 0.89% | ― | 437.14% | ― |
* Financial Sector Average
AU:GFL
Global Masters Fund Limited
2.92
-0.78
-21.08%
AU:NGI
Navigator Global Investments Ltd
2.59
0.67
34.90%
AU:PGF
PM Capital Global Opportunities Fund Ltd.
3.33
0.73
27.83%
AU:FPC
Fat Prophets Global Contrarian Fund Ltd.
1.38
0.23
20.21%
AU:WGB
WAM Global Ltd.
2.19
-0.21
-8.86%
AU:FGG
Future Generation Global Limited
1.66
0.18
11.94%
Global Masters Fund Limited Corporate Events
Global Masters Fund Posts Higher NTA on Concentrated Long-Term Equity Portfolio
Jul 7, 2026
Global Masters Fund Limited reported an increase in its unaudited net tangible asset backing per share as at 30 June 2026, with NTA rising to 442.8 cents before estimated tax on unrealised gains and 361.3 cents after tax, up from May levels. The u...
Global Masters Fund Director Increases Indirect Shareholding via Off-Market Transfer
May 21, 2026
Global Masters Fund Limited has reported a change in director Jason Pohl’s relevant interests, reflecting an increase in his indirect holding of ordinary shares through Milkshake Management Pty Ltd. Pohl acquired 3,000 additional ordinary sh...
Global Masters Fund Reports April NTA and Highlights Concentrated Global Equity Portfolio
May 12, 2026
Global Masters Fund Limited reported its unaudited net tangible asset backing per share as of 30 April 2026, showing 410.2 cents before estimated tax on unrealised gains and 338.8 cents after tax, down slightly from the prior month. The figures re...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.